Friday, February 26, 2010

A conservative think tank often critical of the way public agencies and government manage money is having "substantial financial problems" of its own. Daily RFT has confirmed that a significant sum of money -- possibly hundreds of thousands of dollars -- is missing from the Show-Me Institute.

Crosby Kemper III, chairman of the institute, acknowledges that the Show-Me Institute is suffering a "substantial misuse of funds" that he categorizes as "almost certainly fraud."

Returning a call to Daily RFT this morning, Kemper says,
"I've talked to our lawyer today, and the case is still in grand jury,
so there's not a lot I can say at this point."